Forty thousand-plus people flocked to Omaha, Neb., the first weekend of May for Berkshire Hathaway's (NYSE: BRK-B) 50th-anniversary shareholder meeting.
Along with many of my peers, I always spend a good deal of time
dissecting what Warren Buffett says at these annual meetings. And one of
the things I gleaned from this year's event is that the Oracle of Omaha
values stocks based on dynamic variables.
Buffett appeared on CNBC's "Squawk Box" the Monday after the meeting.
When asked about whether stocks are overvalued, he told co-anchor Becky
Quick that stocks look cheap as long as interest rates remain low. He
added, "If interest rates normalize, we'll look back and say stocks
weren't so cheap." (more)
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